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ASK YOUR TEACHER PRACTICE ANOTHER Present Value of an Annuity Estimate the present value of an annuity if payments are $ 7 7 0 monthly

ASK YOUR TEACHER

PRACTICE ANOTHER

Present Value of an Annuity Estimate the present value of an annuity if payments are $

770

monthly for

12

years and the account earns interest at the rate of

10 \frac{%}{y} r

compounded continuously.

(

Round your answer to two decimal places.

)

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